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Nov 7, 2012
11/12
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it exploded the deficit. didn't do anything for economic growth. here's the final opportunity for democrats to get back to the clinton level and seems to me nightmare scenario of democrats is obama short circuits the opportunity here cuts the grand bargain more on the republicans' terms and revenue source that boehner is looking for and entitlement reform aspect and shouldn't this be something democrats should be willing to work for? >> well look. speaker boehner ignored the fact that in 20 agreed to what the equivalent of a trillion dollars in spending cuts already. and that's certainly has to be factored in to the equation talking about spending cuts because that's part of it. but look simpson-bowles says we can do this. we can cut the corporate tax rates significantly by removing a lot of the corporate loopholes that would produce a whole lot of revenue. a boatload of revenue. the devil is in the i think for us as democrats we ought to be interested in one thing, steve. that's "x." "x" is what revenue is produced and if revenue is produced in a
it exploded the deficit. didn't do anything for economic growth. here's the final opportunity for democrats to get back to the clinton level and seems to me nightmare scenario of democrats is obama short circuits the opportunity here cuts the grand bargain more on the republicans' terms and revenue source that boehner is looking for and entitlement reform aspect and shouldn't this be something democrats should be willing to work for? >> well look. speaker boehner ignored the fact that in...
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Jul 29, 2011
07/11
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and republican deficit proposals aren't really aimed at the deficit. they ever aimed at something much bigger. they don't want to end medicare as we know it, they want to end government as we know it. it's a little bit closer to that thing. ok. ezra klein is going to join me. o positively radiant tinted moisturizers with scientifically proven soy complex and natural minerals. give you sheer coverage instantly, then go on to even skin tone in four weeks. aveeno tinted moisturizers. dr. scholl's custom fit orthotic center recommends the custom-fit orthotic that's best for your tired feet. foot-care scientists are behind it. you'll get all-day relief. for your tired achy feet. for locations, see drscholls.com. thank you... >>> that is the most of "the lord of the rings" i have seen so far. time for tonight's "rewrite." straight-talking john mccain is at odds with another prominent republican, double-talking john mccain. it all started after john mccain delighted many of us reading from a "wall street journal" scathing editorial on the floor challenging ma
and republican deficit proposals aren't really aimed at the deficit. they ever aimed at something much bigger. they don't want to end medicare as we know it, they want to end government as we know it. it's a little bit closer to that thing. ok. ezra klein is going to join me. o positively radiant tinted moisturizers with scientifically proven soy complex and natural minerals. give you sheer coverage instantly, then go on to even skin tone in four weeks. aveeno tinted moisturizers. dr. scholl's...
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Nov 27, 2012
11/12
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social security, not a penny to the deficit. medicare, he wants $250 million over a quarter of a year. that saves for medicare. and medicaid is more essential now than it's ever been and it's a key part of obama care. i don't know what mr. plouffe was talking about. i think he got the republican talking points mixed up with his. >> that was my first impression when i saw the videotape as well. the question comes up. what are you willing to accept in a deal when it comes to programs like medicare and medicaid? >> look, this december should be about revenues. then we can go on to have discussions about the long-term solvency and where medicare fits in and the changes coming by 2014 as we move ahead with obama care. but revenues have to come first. they should come first because we hold all the ace s. they don't have to worry about their pledge because they are voting to reduce taxes for working americans. they just can't do anything about the millionaires and billionaires and the unearned income, which is going to go back to clint
social security, not a penny to the deficit. medicare, he wants $250 million over a quarter of a year. that saves for medicare. and medicaid is more essential now than it's ever been and it's a key part of obama care. i don't know what mr. plouffe was talking about. i think he got the republican talking points mixed up with his. >> that was my first impression when i saw the videotape as well. the question comes up. what are you willing to accept in a deal when it comes to programs like...
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Jul 21, 2012
07/12
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we have a big deficit. how about just cutting the deficit through different taxation policies. but the minute you get to the reality of these cuts, and here we are. you like the ryan cuts, you like him cutting things? here's what he's cutting. medicare. explain it. defend it. i think that's the problem romney's going to have between now and november. >> right. and the broader question you just raised, we have a deficit, we have a debt. these have become problematic and everyone agrees with that. then you get into the details of whose option are you going to go for and whose order are you going to protect in order to do something about that? are you going to go after the most vulnerable as the ryan budget does? not only cutting medicare but things like education and other important spending that helps the most vulnerable. or are you going to provide tax cuts for the rich or are you going to preserve some of those programs in order to move toward a society where everybody has an equal shot and chance. they're going to say that the president's trying to scare people, but this isn'
we have a big deficit. how about just cutting the deficit through different taxation policies. but the minute you get to the reality of these cuts, and here we are. you like the ryan cuts, you like him cutting things? here's what he's cutting. medicare. explain it. defend it. i think that's the problem romney's going to have between now and november. >> right. and the broader question you just raised, we have a deficit, we have a debt. these have become problematic and everyone agrees...
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Mar 14, 2017
03/17
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the congressional budget office determined if passed, it would reduce the federal deficit but that 14 million would be uninsured by next year and 20 million by 2026. and colin powell said the pottery barn rule, you break it, you own it. >> so the press is making it look so wonderl, so at if we end it, everyone's going to say, ah, remember how great obamacare used to be, it was so great. it's a little bit like president obama. when he left, people liked him. when he was here, people didn't like him so much. by repealing, it by getting rid of it, by ending it, everyone is going to say, oh, it used to be so great. >> democratic leaders nancy pelosi and chuck schumer were quick to react to the c.b.o. report. leer's what they had to say late today. >> i hope that they would pull the bill. it's really the only decent thing to do. numbers are important. they see the numbers. they should know how that transfers into people's lives. >> the republican hand-picked, head of c.b.o. has confirmed what we democrats have been saying all along, trumpcare would be a nightmare for the american people. r
the congressional budget office determined if passed, it would reduce the federal deficit but that 14 million would be uninsured by next year and 20 million by 2026. and colin powell said the pottery barn rule, you break it, you own it. >> so the press is making it look so wonderl, so at if we end it, everyone's going to say, ah, remember how great obamacare used to be, it was so great. it's a little bit like president obama. when he left, people liked him. when he was here, people didn't...
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Oct 24, 2017
10/17
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no one believes that this will lower the deficit. and the "washington post" fact checker called this claim a fantasy. no one believes it. so it is untruth after untruth, after untruth as bob corker put it when the president talks about the republican tax plan. untruth one, it's aimed at helping the middle class. untruth two, it's not a plan for the rich. untruth three, it lowers the deficit. this plan is a disaster for america. it's no wonder our republican colleagues want to rush it through in the dark of night because the more it is exposed to sun light the more rotten it smells and the american people will know that. senator cardin. >> thank you senator schumer. the more we are learning about the tax proposal that the republicans will be unveiling next week, the more we have concern that this is certainly not in the interest of the american people. senator schumer talked about the fact one thing is clear it will blow a hole in the deficit. they are acknowledging it when they allow the hole to be created but in addition we know tha
no one believes that this will lower the deficit. and the "washington post" fact checker called this claim a fantasy. no one believes it. so it is untruth after untruth, after untruth as bob corker put it when the president talks about the republican tax plan. untruth one, it's aimed at helping the middle class. untruth two, it's not a plan for the rich. untruth three, it lowers the deficit. this plan is a disaster for america. it's no wonder our republican colleagues want to rush it...
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Jan 25, 2013
01/13
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that is what are you going to do about the debt and deficit? >> let's listen to that. >> you utilize your position to work with the president to solve the debt and deficit issue. >> i'm not here to go through the details why we didn't. there was a very, hard line position that prevented us from being able to come to an agreement which we just came to. but we came to it with far lesson the table and far less accomplished than we would have had if we had come to it a year ago >> and that is the most diplomatic answer than we had. >> well, it is telling that this is sort of the default position on anything. >> you got me on benghazi now debt and deficit. >> but this is the position of the republican ares on any kind of big picture item. we are outraged on his speech because he didn't talk about the deficit. >> what would he talk about? there is nothing else they have to wave. >> that is one issue where they have a political traction. there is a majority on americans. but they have made the calculation. there are a whole bunch of issues where they
that is what are you going to do about the debt and deficit? >> let's listen to that. >> you utilize your position to work with the president to solve the debt and deficit issue. >> i'm not here to go through the details why we didn't. there was a very, hard line position that prevented us from being able to come to an agreement which we just came to. but we came to it with far lesson the table and far less accomplished than we would have had if we had come to it a year ago...
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Dec 14, 2017
12/17
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that's the problem with debt and deficits. there are moments in which they're really important to have because you have to stimulate the economy. but all we're doing now is we're financing using debt, a tax cut that doesn't get us roads, buildings, infrastructure. it just gets us a tax cut. >> i think he made a great point that his three daughters would have to pay the mortgage. if my kids had to pay the mortgage, they'd kick me and andy out. how about yours? >> it doesn't make sense. be honest about what it is. it's a corporate tax cut which no one was clamoring for and it's financed with debt. >> and it's a corporate tax cut that could potentially help the economy and boost the economy but the economy is already kicking it. corporations don't need it. >> as the senator said, individual middle class people are struggling. we know that. we know that for all the success this economy has seen since 2009 since the market bottomed out, since unemployment bottomed out, it has not been shared in the same way. >> we know that. it's o
that's the problem with debt and deficits. there are moments in which they're really important to have because you have to stimulate the economy. but all we're doing now is we're financing using debt, a tax cut that doesn't get us roads, buildings, infrastructure. it just gets us a tax cut. >> i think he made a great point that his three daughters would have to pay the mortgage. if my kids had to pay the mortgage, they'd kick me and andy out. how about yours? >> it doesn't make...
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Feb 6, 2019
02/19
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but it must include real structural change to end unfair trade practices, reduce our chronic trade deficit, and protect american jobs. [ applause ] pla s [ applause ] >> another historic trade blunder was the catastrophe known as nafta. i have met the men and women of michigan, ohio, pennsylvania, indiana, new hampshire and many other states whose dreams were shattered by the signing of nafta. for years politicians promised them they would renegotiate for a better deal, but no one ever tried until now. our new u.s./mexico/canada agreement, the usmca, will replace nafta and deliver for american workers like they haven't had delivered to for a long time. i hope you can pass the usmca into law so that we can bring back our manufacturing jobs in even greater numbers, expand american agriculture, protect intellectual property, and ensure that more cars are proudly stamped with our four beautiful words, "made in the usa." [ applause ] >> tonight i am also asking you to pass the united states reciprocal trade act so that if another country places an unfair tariff on an american product we can cha
but it must include real structural change to end unfair trade practices, reduce our chronic trade deficit, and protect american jobs. [ applause ] pla s [ applause ] >> another historic trade blunder was the catastrophe known as nafta. i have met the men and women of michigan, ohio, pennsylvania, indiana, new hampshire and many other states whose dreams were shattered by the signing of nafta. for years politicians promised them they would renegotiate for a better deal, but no one ever...
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Feb 5, 2014
02/14
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we're still at a 4 million deficit. and when you ask for the number-one reason that people aren't signing up, they tell you it's unaffordable for them. what we've tried to do is address affordability, and to make it affordable and provide and empower the patient so they can choose. an individual could hopefully choose a plan that meets their age, income, health condition. we certainly don't offer as rich a tax credit or benefit as the president does, but we think in a competitive market we can offer comparable mix of products and let individuals choose versus government set the rules. >> let me ask you about one potential loophole that some have questioned on this plan. it says your plan would -- you say people can't be denied for pre-existing conditions if they are continuously insured. but if, for some reason, their insurance lapsed, then all of a sudden they could get treated differently and these preconditions could get -- how do you account for that, if someone loses their job and they lose their insurance, and the
we're still at a 4 million deficit. and when you ask for the number-one reason that people aren't signing up, they tell you it's unaffordable for them. what we've tried to do is address affordability, and to make it affordable and provide and empower the patient so they can choose. an individual could hopefully choose a plan that meets their age, income, health condition. we certainly don't offer as rich a tax credit or benefit as the president does, but we think in a competitive market we can...
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Jul 29, 2011
07/11
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or debt, has never been about the deficit or debt. it has been all about starving the beast. reducing the size of government and reversing the last century of progress. [ male announcer ] get ready for the left lane. the volkswagen autobahn for all event is back. right now, get a great deal on new volkswagen models, including the cc. and every volkswagen includes scheduled carefree maintenance. that's the power of german engineering. right now lease the volkswagen cc sport for just $289 a month. ♪ visit vwdealer.com today. >>> this is a challenge for boehner in the house. he must pass a debt ceiling increase in his republican house of representatives. elections are all about politics. then the winners actually have to govern. i can see on election night some of the new members of congress are going to hold the debt ceiling hostage because they wouldn't understand when the politics end and the governing begins. >>> still to come tonight, oh, wait, is this -- it's still there. i don't know. we can't seem to get this new york post head
or debt, has never been about the deficit or debt. it has been all about starving the beast. reducing the size of government and reversing the last century of progress. [ male announcer ] get ready for the left lane. the volkswagen autobahn for all event is back. right now, get a great deal on new volkswagen models, including the cc. and every volkswagen includes scheduled carefree maintenance. that's the power of german engineering. right now lease the volkswagen cc sport for just $289 a...
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527
Aug 7, 2011
08/11
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we have $2.2 trillion of infrastructure deficit in america. china is putting 9% of gdp into inst infrastructu infrastructure. the united states of america is putting 2% or less into it. we have $80 billion of loss every year just to bail out just to grid problems with our energy structure to highways that are clogged because we don't build a transportation system. we know how to do this. we could have patent reform. there are millions of jobs being wrapped up in the bureaucracy of patent reform which isn't moving forward. we could have regulatory reform so we don't take ten years to get business people a decision. there are countless things we can do. and, yes, we can cut waste. there is waste. we could come together and do that. >> all right. >> but we have to be statesmen here. we have to find the happy, middle ground of compromise and common sense. i know john mccain is prepared to do it. i would like to see the numbers of the house of representatives prepared to do it. and that would avoid the future confrontation. >> all right. we are goi
we have $2.2 trillion of infrastructure deficit in america. china is putting 9% of gdp into inst infrastructu infrastructure. the united states of america is putting 2% or less into it. we have $80 billion of loss every year just to bail out just to grid problems with our energy structure to highways that are clogged because we don't build a transportation system. we know how to do this. we could have patent reform. there are millions of jobs being wrapped up in the bureaucracy of patent reform...
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Oct 16, 2012
10/12
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ross perot and the deficit is synonymous. but they seem to be billionaire endorsing -- rich guy endorsing rich by. but it shouldn't be an ignored endorsement. >> i think it's a net plus. not a significant net plus, but it helps romney. 20 years ago, 19% voted for ross perot. a the lot of those folks are still voting. >> and they did it in iowa. after florida, which is not a deficit, sort of sensitive state, iowa is a lot of orderer voters. memories of ross perot. >> and a place where the obama campaign has to be concerned. mitt romney after showing no activity came in and basically just about snuck in a primary. campaigned under the radar. >> shameless plug. >> my father, executive producer of the 1992 town hall meeting. >> and it was a great event in television history. >> bloomberg story where they interviewed the father of the late ambassador chris stevens. >> we talked about it today. >> do not politicize. that's an important message going into this debate. romney has to be careful not to politicize it too much. >> 7:00 p
ross perot and the deficit is synonymous. but they seem to be billionaire endorsing -- rich guy endorsing rich by. but it shouldn't be an ignored endorsement. >> i think it's a net plus. not a significant net plus, but it helps romney. 20 years ago, 19% voted for ross perot. a the lot of those folks are still voting. >> and they did it in iowa. after florida, which is not a deficit, sort of sensitive state, iowa is a lot of orderer voters. memories of ross perot. >> and a...
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126
Aug 8, 2011
08/11
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one, we have to deal with the debt and deficit. send wall street a message that the united states of america is deadly serious about dealing with the long-term structural debt. that means putting a plan on the table, 4 trillion plus, if necessary, that lays out how we go forward. we do it, david, in a way that doesn't turn our backs on the history we have created where we know how to do it without cutting off job creation in our economic future. in the 1990s, we balanced the budget. we did it without a constitutional amendment. we balanced the budget, created 22,000 new jobs. that changed when we went into credit card debt, two wars, two tax cuts. we couldn't afford them. boom! 6.some trillion in debt. obama was largely in response to george bush and hank paulson asking us to bail out the financial structure of america. we have to get real about what the problem is. the second piece of this, senator box eer has a great dea. if we do it, we will save 600 more jobs than what the house is setting out to do. three, we need to pass the
one, we have to deal with the debt and deficit. send wall street a message that the united states of america is deadly serious about dealing with the long-term structural debt. that means putting a plan on the table, 4 trillion plus, if necessary, that lays out how we go forward. we do it, david, in a way that doesn't turn our backs on the history we have created where we know how to do it without cutting off job creation in our economic future. in the 1990s, we balanced the budget. we did it...
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Jun 10, 2012
06/12
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september, the jobs ak was a big step forward because the president had been talking way too much about the deficit and bogged down in the debt ceiling debacle and came out in september and announced the plan and the poll numbers consistently started to rise. a couple of things about the jobs act and i defended it to you a couple of weeks ago and i went to look at it, and i could not find a number. there are lots of little numbers, but it should say on the front page, 6 million or 10 million one page and that is one stupid design thing, but in terms of the sale -- >> well, the economy is $13 trillion in the country and suffered from a slow growth rate of less than 2%. and he thinks that he can goose it up with a jobs bill that is $140 billion and this is less than a half a percent of the economy f. he got every nickel, he would move the economy by less than a half a percent and why does he go for something so small bore that the republicans would say, take it. and the republicans will never say, take it, ever. let me go over to you for this? any other way to analyze this small thinking? >> well, if
september, the jobs ak was a big step forward because the president had been talking way too much about the deficit and bogged down in the debt ceiling debacle and came out in september and announced the plan and the poll numbers consistently started to rise. a couple of things about the jobs act and i defended it to you a couple of weeks ago and i went to look at it, and i could not find a number. there are lots of little numbers, but it should say on the front page, 6 million or 10 million...
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Sep 29, 2017
09/17
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republicans who ignore the deficit when it's republican legislation that is increasing the deficit. john mccain is taking a similar position on tax cuts to the position he took on the republican health care bills. john mccain said we need to do it in a bipartisan fashion. and if john mccain holds to that principle, then he cannot vote for the trump tax cuts. a bipartisan bill would be a very different bill from the one president trump is pushing now. the democrats would insist it not increase a deficit and a much smaller corporate tax cut if any at all and the elimination of more corporate tax cuts. the democrats would also insist on preserving the deductibility of state and local taxes and preserving some form of the estate tax, perms a higher threshold, perhaps on all estates above, say, $20 million. that's all negotiable. and, of course, democrats would insist on no increase in the bottom tax bracket and they already know that donald trump is ready to agree with them on that bottom tax bracket. there's always a deal to be done with tax legislation. it is numbers. it can be compro
republicans who ignore the deficit when it's republican legislation that is increasing the deficit. john mccain is taking a similar position on tax cuts to the position he took on the republican health care bills. john mccain said we need to do it in a bipartisan fashion. and if john mccain holds to that principle, then he cannot vote for the trump tax cuts. a bipartisan bill would be a very different bill from the one president trump is pushing now. the democrats would insist it not increase a...
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Nov 22, 2011
11/11
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with real deficit in this country is the investment deficit in people, in rebuilding this country. mort, i was also interested that he spoke president obama of the 1% in this country who want to be part of the 100%. those who should be in the majority among the wealthiest in this country areç those who support increasing taxes. >> and we will certainly have more arguments to come regarding the 1% and the 99%. i have to cut it off there. thank you, everyone. thank you to gillian, katrina, imogen and mort today. we'll be right back. this w as t he gulf's best this w tourism season in years. all because so many people wanted to visit us in louisiana. they came to see us, in florida nice try, they came to hang out with us in alabama... once folks heard mississippi had the welcome sign out, they couldn't wait to get here. this year was great but next year's gonna be even better. and anyone who knows the gulf knows that winter is primetime fun time. the sun's out and the water's beautiful... you can go deep sea fishing. for amberjack, grouper and mackerel... our golf courses are open.
with real deficit in this country is the investment deficit in people, in rebuilding this country. mort, i was also interested that he spoke president obama of the 1% in this country who want to be part of the 100%. those who should be in the majority among the wealthiest in this country areç those who support increasing taxes. >> and we will certainly have more arguments to come regarding the 1% and the 99%. i have to cut it off there. thank you, everyone. thank you to gillian,...
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Jul 28, 2011
07/11
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deficit game blame is not playing well on wall street. the indexes worst one-day drop in two months yesterday. let's look at the markets, anna edwards live in london for us. good morning. any better today? >> good to see you, afraid not, at least from a global perspective. the markets were down 200 points, 1.6% lower in just one day. the markets concerns in the short term very much focused on whether or not washington is going to reach any kind of agreement to increase its debt ceiling. what that means for markets is either worry about if we don't have an increase in the debt ceiling, what does that mean for government spending in the short term and what does that do to u.s. growth. >> we've heard repeatedly about the threat of a downgrade in the united states credit rating, the head of standard & poor's speaking yesterday about the potential of u.s. default. what did he say? >> yeah, talking about the possibility of a default and saying he doesn't think this is likely. even if we were to see the debt ceiling not increase and even if we s
deficit game blame is not playing well on wall street. the indexes worst one-day drop in two months yesterday. let's look at the markets, anna edwards live in london for us. good morning. any better today? >> good to see you, afraid not, at least from a global perspective. the markets were down 200 points, 1.6% lower in just one day. the markets concerns in the short term very much focused on whether or not washington is going to reach any kind of agreement to increase its debt ceiling....
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Jul 29, 2011
07/11
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and republican deficit proposals aren't really aimed at the deficit. they ever aimed at something much bigger. they don't want to end medicare as we know it, they want to end government as we know it. it's a little bit closer to that thing. ok. ezra klein is going to join me. add a little...or a lot. for a drink that's just the way you like it. make it yours. make it mio. my name is lacey calvert and i'm a yoga instructor. if i have any soreness, i'm not going to be able to do my job. but once i take advil, i'm able to finish out strong. it really works! [ laughs ] [ male announcer ] make the switch. take action. take advil. [ male announcer ] make the switch. diabetes testing? it's all the same. nothing changes. then try this. freestyle lite® blood glucose test strip. sure, but it's not gonna-- [beep] wow. yep, that's the patented freestyle zipwik™ design. did it just-- [both] target the blood? yeah, drew it right in. the test starts fast. you need just a third the blood of one touch.® that is different. so freestyle lite test strips make testing.
and republican deficit proposals aren't really aimed at the deficit. they ever aimed at something much bigger. they don't want to end medicare as we know it, they want to end government as we know it. it's a little bit closer to that thing. ok. ezra klein is going to join me. add a little...or a lot. for a drink that's just the way you like it. make it yours. make it mio. my name is lacey calvert and i'm a yoga instructor. if i have any soreness, i'm not going to be able to do my job. but once...
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Aug 13, 2012
08/12
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they see eye to eye on what to do with the deficit. they want to reduce the deficit on the backs of the middle class and seniors while giving tax cuts to the very wealthy. >> we're going to have to leave it there. >> thanks, karen. >> thanks so much. >>> next, we'll ask a member of congress for their take on 0 representative ryan. stay with us. >> thanks, neil. what's not to love in this paul ryan plan? we have a future and hope for the next generation as opposed to seeing the united states come closer toward an economic collapse. this is the direction that we need to go and we need to stand by it and support it. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive
they see eye to eye on what to do with the deficit. they want to reduce the deficit on the backs of the middle class and seniors while giving tax cuts to the very wealthy. >> we're going to have to leave it there. >> thanks, karen. >> thanks so much. >>> next, we'll ask a member of congress for their take on 0 representative ryan. stay with us. >> thanks, neil. what's not to love in this paul ryan plan? we have a future and hope for the next generation as...
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Sep 19, 2013
09/13
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the deficit, the thing that everyone is worried about, the deficit is shrinking at a record-setting jaw-dropping number. it has been shrinking at a high rate, the projected deficit in 2015 will be 2.1% of the total economy's output, or just 1/5 of what it was at the height of the recession in 2009. the spike you see at the beginning shows the recession, the decline means we are already reaching normal levels. and more than two thirds of the deficit decline is coming from revenue. as the economy improves and higher taxes on the wealthy continue. so draconian cuts by the republicans are not the reason. the progressives as well as main stream economists tried to press the point that in large part, the ballooning deficits would right themselves as the economy improved. and that is basically what happened. meanwhile, house speaker john boehner and other republicans are frozen in their mindset. the deficit has not changed, even though the numbers have. the republicans are talking about the spending problem identical to 2009 before they managed to get the budget control act and the sequester and all th
the deficit, the thing that everyone is worried about, the deficit is shrinking at a record-setting jaw-dropping number. it has been shrinking at a high rate, the projected deficit in 2015 will be 2.1% of the total economy's output, or just 1/5 of what it was at the height of the recession in 2009. the spike you see at the beginning shows the recession, the decline means we are already reaching normal levels. and more than two thirds of the deficit decline is coming from revenue. as the economy...
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Jan 5, 2013
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people in washington who most claim about the deficit don't actually care about the deficit. for instance, all of these people -- >> a national debt that has gotten so out of hand, it sparked a crisis without precedent in my lifetime or yours. >> deficits that mortgage our children and our grandchildren's futures. >> we've got to get this debt and deficit under control. we're not going to dump that issue. >> i'll keep doing everything i can to get our economy moving forward. and put our national debt under control. >> if nothing changes, we'll have deficits every year for the next ten years. the next decade. no one can tell me that we can sustain that pace. >> all of those people you just saw invading against the deficit, all of those people voted for a deal. according to an analysis of the congressional budget office adds $3.9 trillion over the next decade. i've said this before, i'll say it again, you cannot make sense of what politicians in washington actually do if you take at face value their stated concern for the debt. this tracks the deficit reducing the falgt that ea
people in washington who most claim about the deficit don't actually care about the deficit. for instance, all of these people -- >> a national debt that has gotten so out of hand, it sparked a crisis without precedent in my lifetime or yours. >> deficits that mortgage our children and our grandchildren's futures. >> we've got to get this debt and deficit under control. we're not going to dump that issue. >> i'll keep doing everything i can to get our economy moving...
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Dec 18, 2017
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was it the deficit or the discussion on the deal-making? walk us through. >> reporter: this was the weirdest development on this whole story. late last week bob corker came out with a statement saying he would support this final tax bill. as you said, he is the only republican no vote on the original senate provision and the main reason he voted no was he felt the bill was going to explode the deficit. there's nothing in this conference report, this final version of the bill -- >> that didn't change. >> reporter: there's not anything to fundamentally change that. however, there's a new provision in the bill to change the tax treatment for folks who own real estate, real estate developer who is own it through small business, the pass-through provision. that helps a lot of people, but it also helps donald trump and potentially helps bob corker. when corker was confronted by a reporter about this over the weekend, he didn't know this was in the bill and had absolutely nothing to do with it. he wrote and released a letter to the finance committ
was it the deficit or the discussion on the deal-making? walk us through. >> reporter: this was the weirdest development on this whole story. late last week bob corker came out with a statement saying he would support this final tax bill. as you said, he is the only republican no vote on the original senate provision and the main reason he voted no was he felt the bill was going to explode the deficit. there's nothing in this conference report, this final version of the bill -- >>...
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Dec 1, 2017
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i mean, why did they bother to pass a budget resolution permitting them to increase the budget deficit, the national debt by $1.5 trillion if they didn't think that was necessary? i'm truly flabbergasted. >> john, there is also something that rachel was reporting on earlier in her program in the "new york times" today, one thing that republicans are counting on is treasury secretary mnuchin producing a report out of the treasury tax analysis department showing that this was possible, showing that there would be with what they call dynamic scoring a massive growth in the economy that would then generate so much tax revenue that this deficit effect would disappear. not only is that not ready, it turns out they didn't do a minute of work on it and now, the inspector general of the treasury is investigating was the treasury secretary lying to congress about this? >> the treasury -- i know you would be discussing steve mnuchin tonight. i believe he likes to be called steven mnuchin. this is my steven mnuchin suit. this is a suit that a man that likes to sign money and get in the bathtub wit
i mean, why did they bother to pass a budget resolution permitting them to increase the budget deficit, the national debt by $1.5 trillion if they didn't think that was necessary? i'm truly flabbergasted. >> john, there is also something that rachel was reporting on earlier in her program in the "new york times" today, one thing that republicans are counting on is treasury secretary mnuchin producing a report out of the treasury tax analysis department showing that this was...
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Oct 25, 2017
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jeff flake likes to think of himself as a deficit hawk too. the trump-mcconnell tax bill in the senate will test just how much jeff flake cares about the deficit. what it won't test is just how much jeff flake cares about getting reelected. and that means jeff flake is joining bob corker and jeff flake's friend, the senior senator from arizona, john mccain in the group of republican senators who are no longer worried about ever having to face republican voters again for their reelection. those three conservative republicans could find common cause with a couple of less conservative republicans, senators susan collins and lisa murkowski, who along with senator mccain voted against the trump-mcconnell health care bill. there is now in the senate the makings of a five-vote coalition in the republican party who are opposed to much of trumpism. and it takes only three of them on any one bill to kill that bill in the senate. the kids at breitbart who don't know anything about the politics of governing might be happy about jeff flake's announcement t
jeff flake likes to think of himself as a deficit hawk too. the trump-mcconnell tax bill in the senate will test just how much jeff flake cares about the deficit. what it won't test is just how much jeff flake cares about getting reelected. and that means jeff flake is joining bob corker and jeff flake's friend, the senior senator from arizona, john mccain in the group of republican senators who are no longer worried about ever having to face republican voters again for their reelection. those...
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Oct 8, 2013
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deficits are already following. what's to stop them from not taking yet another hostage again and again, and this just being the way we do things. >> right. and this is not about public policy. because if it were, the policy concessions they achieve, they would be happy to take, bank and roll into law. roll into the federal budget. roll into the sequester cuts. what john boehner said were arbitrary and probably too large in the "wall street journal" the week before the sequester hit. there is a public record here so anyone following, which is not everyone, but a growing number of people in the country, wondering why is what the republicans doing disrespecting our veterans who have fallen in war or keeping our parks closed or preventing us hunting in montana. many of the governments, quote, unquote, nonessential services help people live their lives. >> exactly. >> the other piece that is important that we have discussed before but shouldn't get lost, chaos and destruction is not just a threat here. chaos and destruc
deficits are already following. what's to stop them from not taking yet another hostage again and again, and this just being the way we do things. >> right. and this is not about public policy. because if it were, the policy concessions they achieve, they would be happy to take, bank and roll into law. roll into the federal budget. roll into the sequester cuts. what john boehner said were arbitrary and probably too large in the "wall street journal" the week before the sequester...
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Apr 26, 2017
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but is he ignoring the deficit? >> this will be the biggest tax cut and the largest tax reform in the history of our country and we are committed to seeing it through. >> follow the money. do fired national security advisor michael flynn break the law by allegedly not disclosing payments from groups connected to vladimir putin? >> asking the white house to give document that's are not in the hands of the white house is ridiculous. >>. >> all options are on the table. we want to bring kim jong-un to his senses, not to his knees. we have john mccain this hour, also leon pinetta, senator ben cardon, all this hour on "andrea mitchell reports" good day, i'm andrea mitchell in washington overlooking the white house where today is tax day. president trump about to unveil his big plan including slashing business tax to 15%. kristen, this is a big tax plan, it doesn't at all address blowing a hole in the deficit. >> it doesn't, andrea. let me tell you what we know so far that we will learn later on today. we know is going to
but is he ignoring the deficit? >> this will be the biggest tax cut and the largest tax reform in the history of our country and we are committed to seeing it through. >> follow the money. do fired national security advisor michael flynn break the law by allegedly not disclosing payments from groups connected to vladimir putin? >> asking the white house to give document that's are not in the hands of the white house is ridiculous. >>. >> all options are on the...
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Mar 1, 2014
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if you can run a deficit to go to war, you can run a deficit to take care of the people who fought in it. joining me is the chair of the senate committee on affairs, the senator from vermont. they said the multi-billion dollar bills face to make necessary reforms. what do you say to that? >> i say they're dead wrong and so does virtually every veterans organization in the country representing millions of veterans. chris, what i have learned since i've been chairman of the veterans committee is the cost of war is much deeper and more significant than i think most people know. we're talking about hundreds of thousands of young men and women coming back from iraq and afghanistan with ptsd and tbi. we're talking about 2,300 of you're soldiers who suffered wounds so that they're unable too have babies. we're talking in terms of older veterans, you have women, wives staying home taking care of disabled vets, 24 hours a day, seven days a week who get virtually no kinds of support from the federal government. you're talking about young people who were promised a college education after they l
if you can run a deficit to go to war, you can run a deficit to take care of the people who fought in it. joining me is the chair of the senate committee on affairs, the senator from vermont. they said the multi-billion dollar bills face to make necessary reforms. what do you say to that? >> i say they're dead wrong and so does virtually every veterans organization in the country representing millions of veterans. chris, what i have learned since i've been chairman of the veterans...
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Feb 16, 2013
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>> concerns about the deficit are legitimate. the important thing to understand is that the republican party as a whole doesn't give a rat's patootie about the deficit. they can say they do all day, but if you are not for what the president calls a balanced approach, which all the experts say is the only way you will really address the deficit, a combination of steep budget cuts in certain areas and some tax increases in other areas, you cannot get from here to there in deficit reduction. so anybody who says that just budget cuts, no tax increases is not serious about reducing the deficit. and republicans have been a tax cut party, not a deficit reduction party for the last 25 years. >> when it comes to things have you in your house, one thing i love is this gathering of campaign buttons. >> yeah. >> where did that come from? >> that collection is actually my father's. >> adeli stevenson. i see a lot of that. >> they got involved with adlai before they were married, and they were kind of the equivalent in the early 1950s of very,
>> concerns about the deficit are legitimate. the important thing to understand is that the republican party as a whole doesn't give a rat's patootie about the deficit. they can say they do all day, but if you are not for what the president calls a balanced approach, which all the experts say is the only way you will really address the deficit, a combination of steep budget cuts in certain areas and some tax increases in other areas, you cannot get from here to there in deficit reduction....
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Feb 15, 2013
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he thinks consumption and growth are the way to grow the economy out of the deficit. he has not made that argument because it isn't palettable politically. >> in fairness, if you look at even some of the serious deficit hawks, i suspect you align with bowl simpson. >> they say that what we really need is short-term stimulus, long-term deficit reduction. there isn't as much of a differential here as it's made out to be. >> i am co-chair with judd gregg to fick the debt, and you're right. what we're not grasping is this should be significant short-term investment and long-term deficit reduction. deficit reduction that is good for the second ten years or maybe the third ten years, and the only way to do that, the only way to do that is serious entitlement reform. >> but the sequester cuts by this year hit the economy this year. >> what i'm saying is they'll kick the can down the road and avoid the sequester. that's my prediction. >> you think they're going to avoid a sequester? >> not with the senate plan because i can't see the republicans voting for that. >> tax increa
he thinks consumption and growth are the way to grow the economy out of the deficit. he has not made that argument because it isn't palettable politically. >> in fairness, if you look at even some of the serious deficit hawks, i suspect you align with bowl simpson. >> they say that what we really need is short-term stimulus, long-term deficit reduction. there isn't as much of a differential here as it's made out to be. >> i am co-chair with judd gregg to fick the debt, and...
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Oct 12, 2016
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. >> nina is there a deficit in the democratic campaign that you worry about as a loyal democrat who wants to win this in november? >> i do. and it is really important, the structure of the democratic party have an awakening if you will, an acknowledgment that what wikileaks is revealing no matter how it's being revealed the fact that those e-mails exist is a bigger problem and that people are in pain over that and have a distrust of the democratic party there's going to have to be a reconciliation and we cannot ignore that just because the other side is imploding. people do not trust the establish. and what those reveal are lots of things that people on the sanders side to have house believe were going on all along, so this is not going to go away, this is going to be a tough four years and the real work will begin november 9th as we are going to have to seek to heal this land. all of the mud slinging, my grandmother said, baby, when you sling mud, you're going to get a little back on you. i have seen anxiety that i have not seen in modern history. >> thank you as always. four weeks
. >> nina is there a deficit in the democratic campaign that you worry about as a loyal democrat who wants to win this in november? >> i do. and it is really important, the structure of the democratic party have an awakening if you will, an acknowledgment that what wikileaks is revealing no matter how it's being revealed the fact that those e-mails exist is a bigger problem and that people are in pain over that and have a distrust of the democratic party there's going to have to be...
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Jul 18, 2017
07/17
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of deficit. if you speak to the average person and talk deficit, you could make a mistake between the trillion or billion and it doesn't seem to matter. it feels disconnected. from your perspective, michael, the average american beyond how they voted or if they asked their lawmaker to repeal and that was a campaign promise, from a health care perspective, i'm a mother of three kids, don't care what it's called, i want them to get the best health care and want to afford it. how does repeal only work for the american person? >> it doesn't. if you repeal only and i think ali did a great job talking about the cbo numbers. >> i do too. con congratulations. >> the insurance markets will explode and insurance companies will pull out. one thing insurance companies hate is uncertainty. they hate uncertainty. if you tell them you're going to repeal this law, that the individual mandate is gone and subsidies are gone and medicaid expansion is gone and just wait a couple of years because we're going to come
of deficit. if you speak to the average person and talk deficit, you could make a mistake between the trillion or billion and it doesn't seem to matter. it feels disconnected. from your perspective, michael, the average american beyond how they voted or if they asked their lawmaker to repeal and that was a campaign promise, from a health care perspective, i'm a mother of three kids, don't care what it's called, i want them to get the best health care and want to afford it. how does repeal only...
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Dec 5, 2012
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does it reduce the deficit? >> joining me now is senator sherrod brown. senator, good to have you with us tonight. your comments on what nancy pelosi has to say about revenue. >> she's right. you look at a little history in the 1990s. the upper one or 2 or 5% were paying more in taxes. just a little bit more. we had 21 million private sector job creation, net job creation. when george bush cut taxes on the wealthy in 2001 and 2003, we've had no real job growth and no wage growth during this past decade. we're finally now after ten straight years of manufacturing job decline hitting places like toledo and cleveland and cincinnati particularly hard, we're seeing now in the last two years after the auto rescue, after we're doing some of the right things here, we're seeing job growth. i agree with what nancy pelosi said. history improves itself. >> so based on history, this is about math and not ideology. the sense i get on the hill today, if you don't get the rate increase, you can forget everything else. >> we have seen in this country a decline in infrastr
does it reduce the deficit? >> joining me now is senator sherrod brown. senator, good to have you with us tonight. your comments on what nancy pelosi has to say about revenue. >> she's right. you look at a little history in the 1990s. the upper one or 2 or 5% were paying more in taxes. just a little bit more. we had 21 million private sector job creation, net job creation. when george bush cut taxes on the wealthy in 2001 and 2003, we've had no real job growth and no wage growth...
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Nov 27, 2012
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deficit reduction. that's probably a little too much out of revenues over the short term. so let's go back to child tax credit and some middle income tax relief and that, but let's keep a substantial portion of that revenue and we don't have to the talking about stupid across the board cuts and do more targeted cutses in programs that need cutting and bolster those that need bolstering. one thing it, no one's talking about within-third of the deficit is due to high unemployment. we should be talking about investment that will put americans back to work and that takes care of a third of the deficit. if you're talking about a grand bargain, okay, revenues putting people back to work and then we'll talking about cuts. >> that's a profound point. all of a sudden we're supposed to go into this grand bargain of medicare and medicaid because we went through recession and the tax base was low because there was a lot of people unemployed for months on end and we had to invest in the economy to where we've got it
deficit reduction. that's probably a little too much out of revenues over the short term. so let's go back to child tax credit and some middle income tax relief and that, but let's keep a substantial portion of that revenue and we don't have to the talking about stupid across the board cuts and do more targeted cutses in programs that need cutting and bolster those that need bolstering. one thing it, no one's talking about within-third of the deficit is due to high unemployment. we should be...
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Apr 18, 2012
04/12
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they will tell you, well, we have to do this because the deficit is so bad. the deficit is bad. we have to deal with the deficit in a serious way which means all of us will have to make tough choices. it is one thing to deal with the deficit in a way that is fair and asks everybody to do their fair share in dealing with the deficit as an excuse to do what you want to do anyway. their argument might fly if it weren't for the fact they're also proposing to spend $4.6 trillion on lower tax rates on top of the 1 trillion they would spend on tax cuts for people making more than $250,000 a year or more. that's their priority. they want to give me more of a tax break. i just paid taxes. it is not like i love paying taxes. you know, i can afford it. i don't need another tax break. right now companies can't find enough qualified workers for the jobs they need to fill. programs like this are training hundreds of thousands of workers with the skills that companies are looking for and it is working and it is going to help america grow. i have seen it. here in lorraine county 90% of the peop
they will tell you, well, we have to do this because the deficit is so bad. the deficit is bad. we have to deal with the deficit in a serious way which means all of us will have to make tough choices. it is one thing to deal with the deficit in a way that is fair and asks everybody to do their fair share in dealing with the deficit as an excuse to do what you want to do anyway. their argument might fly if it weren't for the fact they're also proposing to spend $4.6 trillion on lower tax rates...
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Aug 27, 2012
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number one fiscal growth fair trade deficit debt burdens. those are the foremost topics. and candidates were forced to address them head on. that was 20 years ago. since then federal debt quadrupled. in the guest spot, david waker, who recently wrote an ad on the debt with ross perot. walker is the president and ceo of the come back america initiative who is about to embark on the $10 million a minute bus tour, educating the public on the current debt crisis. david, thank you for being here. >> thank you for having me. >> what do you want to accomplish on the bus tour? >> i noted that the rnc is causing the national debt clock. frankly, that low balls the problem. we had delivered to our offices today the new u.s. financial burden barometer. it is over $70 trillion and growing by 10 million a minute because the national debt klos doesn't count unfunded pensions, retiry healthcare, social security, medicare programs, et cetera. we need to realizer with not exempt of the laws ever prudent finance. we are trying to force candidate to deal with more substance and solutiones a
number one fiscal growth fair trade deficit debt burdens. those are the foremost topics. and candidates were forced to address them head on. that was 20 years ago. since then federal debt quadrupled. in the guest spot, david waker, who recently wrote an ad on the debt with ross perot. walker is the president and ceo of the come back america initiative who is about to embark on the $10 million a minute bus tour, educating the public on the current debt crisis. david, thank you for being here....
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Dec 31, 2012
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don't forget who asked and demanded for deficit reduction. when i talked to a capitol hill staffer, here's what he said. he said -- this is very important -- "if it's a status quo election some kind of deal that staifz off sec quest rags. >> the republicans. >> i have to say it, it is the republicans that the point that are arguing against deficit reduction. they want to cancel the see quester, which is military spending cut. >> only on their terms. >> they would like spending cuts, but they would like -- they won't be ebbing mrift about exactly how do do it. >> i want to give luke the last word on this. >> is there a chance? just your kind of read on the final word on this, do we end today with some kind of a deal, or do they punt this and try to do it before january 3rd or not at all, just go over the cliff? >> i think that there's a possibility you could see a deal come out of the senate today, although i think if any deal comes out of the senate, the house will most likely vote on it tomorrow. i don't see a late night new year's eve vote
don't forget who asked and demanded for deficit reduction. when i talked to a capitol hill staffer, here's what he said. he said -- this is very important -- "if it's a status quo election some kind of deal that staifz off sec quest rags. >> the republicans. >> i have to say it, it is the republicans that the point that are arguing against deficit reduction. they want to cancel the see quester, which is military spending cut. >> only on their terms. >> they would...
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Aug 13, 2012
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turns out ryan hasn't always been such a deficit hawk. he's more like a deficit chicken hawk. see, once upon a time, paul ryan wasn't so concerned about slashing the budget and bringing down the deficit. under president bush, ryan didn't have a budgetary care in the world. he said aye to the medicare prescription drug benefit and voted in favor of the bush tax cuts and voted for the war in iraq and afghanistan. that's right. he votes in favor of the policies that are now the main causes of our national deficit. but when a democrat was voted into the white house, ryan suddenly became the pitch man for budget cuts. joining me now is father thomas reed, a senior fellow at woodstock theological center. he joined others in speaking out against drastic gop cuts against the poor. and ezra klein, a washington post columnist and msnbc policy analyst. thank you both for being here tonight. >> thank you. >> ezra, let me start with you. there's so much talk about the ryan plan. tell us exactly what it is. i mean, specifically what it does to medicare. let's start there. >> begin with medi
turns out ryan hasn't always been such a deficit hawk. he's more like a deficit chicken hawk. see, once upon a time, paul ryan wasn't so concerned about slashing the budget and bringing down the deficit. under president bush, ryan didn't have a budgetary care in the world. he said aye to the medicare prescription drug benefit and voted in favor of the bush tax cuts and voted for the war in iraq and afghanistan. that's right. he votes in favor of the policies that are now the main causes of our...
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Feb 13, 2013
02/13
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level to lower deficit. is one that you want to bring the deficit down to encourage more private investment. but you also want to make room for things that make our country great. eisenhower investing in the interstate highway program. democrats and republicans increases in mia for bio research. i think it absolutely supports that you can cut lower priority spending to reduce the deficit and that you can use a portion of that to do things that are compelling like pre-k, universal education for 4 year olds. because we're a country that believes everybody should have a fair start. and the minimum wage has no government cost at all. that's just a commitment that we as a people believe if you work full time, you work hard, you should be able to raise your family in dignity. not in poverty. >> fair point about the minimum wage. that comes out of the private sector, obviously, and some that argue will cost jobs but we can debate that another time. what about the sequester? what is happening right now that will giv
level to lower deficit. is one that you want to bring the deficit down to encourage more private investment. but you also want to make room for things that make our country great. eisenhower investing in the interstate highway program. democrats and republicans increases in mia for bio research. i think it absolutely supports that you can cut lower priority spending to reduce the deficit and that you can use a portion of that to do things that are compelling like pre-k, universal education for...
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Nov 28, 2017
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you saw the deficit hawks. nick mulvaney on "meet the press" said to me, well, it's a gimmick to get that number under the budget rule so we only need 50 votes to pass itme. he acknowledged it could be closer to 2.2 million. what corker was talking about in a late night meeting was some sort of trigger where, michael, they could put the tax cut in as envisioned, but then take it back if it turns out it doesn't produce the revenue t. >> this is such a farce, andrea. i can't believe republicans are so desperate that they are willing to sacrifice the core principle that they have advocated for lo these 10 to 15 years, certainly during the obama administration, that they would spend a dime more of the nation's money on things that they thought were frivolous were willing to shut down the government, and did shut down the government, because of the spending priorities, spending too much money, raising the national debt. >> they're now comfortable with spending $1.5 trillion minimum that we don't have. they're like,
you saw the deficit hawks. nick mulvaney on "meet the press" said to me, well, it's a gimmick to get that number under the budget rule so we only need 50 votes to pass itme. he acknowledged it could be closer to 2.2 million. what corker was talking about in a late night meeting was some sort of trigger where, michael, they could put the tax cut in as envisioned, but then take it back if it turns out it doesn't produce the revenue t. >> this is such a farce, andrea. i can't...
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Aug 24, 2020
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that's when the deficits started piling up. it's true they're running deficits, you can't run it like a business if you're funding and required to put that money aside for all your pensions, which does not happen in any private sector, in any business, they put a downpayment on it. >> andrea, i started to dig into this on friday, my understanding is, the pension portion of this, is consistent within government, but the health care funding that the post office has to do is more onerous than it would be expected certainly, in any of its private sector competitors. this is not the u.s. postal business, it's the u.s. postal service, it's not been run in that same way. as to cooper's comments, i think this is instructive, and it speaks to senator mccaskill's point, why you had so many republicans crossing over to vote on saturday. every single member has a post office in their district, who has postal employees who vote, and constituents that get and receive mail that's important to them. unlike so many other issues we get rapped up
that's when the deficits started piling up. it's true they're running deficits, you can't run it like a business if you're funding and required to put that money aside for all your pensions, which does not happen in any private sector, in any business, they put a downpayment on it. >> andrea, i started to dig into this on friday, my understanding is, the pension portion of this, is consistent within government, but the health care funding that the post office has to do is more onerous...